- Primo Water Corporation (PRMW) has acquired an additional spring water source adjacent to its current Mountain Valley spring in Arkansas
- Primo Water is a water solutions provider in North America and Europe that generates approximately $2.1 billion in annual revenue
- This acquisition will provide an additional high-quality sustainable water source to supplement the company’s existing Mountain Valley Water portfolio
- The company’s offering includes its water direct, water exchange, and water refill programs
- Primo Water Corporation (PRMW) is up 1.21 per cent and is trading at $20.96 per share as of 1:45 p.m. EST
Primo Water Corporation (PRMW) has acquired an additional spring water source adjacent to its current Mountain Valley spring in Garland County, Arkansas.
Primo is a water solutions provider in North America and Europe, generating approximately $2.1 billion in annual revenue. The company stated this acquisition will provide an additional high-quality, sustainable water source to supplement its existing Mountain Valley Water portfolio.
Tom Harrington, CEO of Primo, commented,
“Mountain Valley is the number one premium spring/sparkling single-serve brand in the natural channel with dollar growth of over 53 per cent… It is the oldest continuously bottled spring water in the United States and is nationally distributed in major retailers and foodservice operators.”
Primo’s revenue model is based on its line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases. The company’s offering includes its water direct, water exchange, and water refill programs.
Primo Water Corporation (PRMW) is up 1.21 per cent and is trading at $20.96 per share as of 1:45 p.m. EST.